Merck (NYSE:MRK) was upgraded to buy by Bank of America/Merrill Lynch (NYSE:BAC) as the firm believes that the current stock price provides investors with an attractive entry point. A $47 price target was issued.
Shares are higher by about 1.3 percent.
Bank of New York Mellon (NYSE:BK) had its numbers increased by Jefferies (JEF) as the company has been experiencing higher equity returns. A hold rating was issued with a price target of $29.
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